This program, which is completely remote and online, was created for women-led social entrepreneurs who are committed to creating effective solutions in culture, attitude, and education. As a result, it is available to businesses throughout MENA + Africa (including Armenia).
In the sprint phase of the 2022 HerMeNow Accelerator, up to 30 women-led social entrepreneurs in MENA and Africa will receive the necessary training.
In the accelerator phase, 10 women-led social companies will receive technical, financial, and mentorship assistance.
The program is available to businesses worldwide and is virtually completely remote or online. Additionally, the program exposes participants to global culture through online activities and by inviting them to an interesting social entrepreneurship festival in Tuscany, Italy, in November 2022. (funded and organized by the HerMeNow team and its partners).
The 2022 HerMeNow Accelerator was founded by Natacha Fazal Karim, a female entrepreneur who supports women’s empowerment via social entrepreneurship, and is financed by the Stardust Concept ESG and Impact Division. Social businesses aim to maximize advantages to society and the environment while making a profit.
The goal of the Stardust Concept ESG and Impact Division is to help women-led social entrepreneurs across the globe order, to have a positive social and environmental impact.
Culture, mentality, and education are the main areas of impact. We firmly believe that by providing answers to other crucial SDG concerns, these industries hold the key to bringing about significant change.
Benefits of participation
- A crucial component of the firm could benefit from funding, which could boost sustainability and growth.
- Each business will receive a grant of $2,000 to help with costs and possible effects.
- During the three-month acceleration program, training, mentoring, and other support were provided.
- Lifetime access to the resources of Bloom and the entrepreneurial community at HerMeNow, including mentors, investors, former members, and staff
- Visibility from the demo day and additional investor contacts
Eligibility requirements
Past the point of product/market fit, social enterprises that:
- Have substantial user and/or product traction, already earn revenue or both.
- Have plans to grow their teams
- Are long-term economically feasible
- Are ethical, welcoming, and social businesses
- Are based in Africa and the MENA (including Armenia)
Other requirements include:
- Your business is built to be both economically and environmentally sustainable.
- Without the program’s ongoing help, you might be able to maintain your business.
- Your business contributes to society and has a beneficial social influence.
- Compliance with SDGs
- Monitoring both the financial and social impact of KPIs
- Putting at least half of profits back into charitable endeavors
- There is more than one team member, and at least two of them are full-time employees of the company.
- There are no limitations on the applicants’ sociographic or other characteristics.
- Applications are especially encouraged from female-led businesses and businesses with a higher level of diversity (age, sex, socioeconomic background, refugee/host populations, location near MENA and Africa, etc.).
How to apply
Are you a female entrepreneur from the MENA region? Apply here for the HerMeNow Accelerator. The deadline for application is Tuesday, August 16, 2022.
Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates
